Enacy Mapakame
Crypto exchange Coinbase has announced it will list dogwifhat on the Solana network (SPL token).
Coinbase chief legal officer Paul Grewal confirmed the meme coin’s listing adding that the exchange had added the Dogwifhat meme coin to its listing roadmap.
According to Coinbase, the Solana network (SPL token) contract address for dogwifhat is EKpQGSJtjMFqKZ9KQanSqYXRcF8fBopzLHYxdM65zcjm.
Enthusiasts cheer at the news
In a post on the X platform, the crypto exchange revealed that trading was scheduled to start on November 13 at 3:30 pm.
“Coinbase will add support for dogwifhat (WIF) on the Solana network (SPL token),” said Coinbase.
“Once sufficient supply of this asset is established trading on our WIF-USD trading pair will launch in phases. Support for WIF may be restricted in some supported jurisdictions.”
Coinbase.
The announcement has also reportedly ignited an upside potential that once overwhelmed the token in April when the crypto exchange first revealed its support for Dogwifhat perpetual futures on Coinbase International.
Responding to the news, some enthusiasts expressed excitement at the development, describing it as “exciting” and a step in the right direction.
“Exciting news! Listing on Coinbase is a huge step forward. Looking forward to seeing how WIF shapes the future of crypto. Let’s keep pushing the boundaries,” said Vinniejames.eth.
Trading will begin on or after 3:30PM ET on 13 November, 2024 if liquidity conditions are met. Once sufficient supply of this asset is established trading on our WIF-USD trading pair will launch in phases. Support for WIF may be restricted in some supported jurisdictions.
— Coinbase Assets 🛡️ (@CoinbaseAssets) November 13, 2024
Coinbase announcement spurs price increase for Dogwifhat
Meanwhile, the announcement excited the Dogwifhat market, which also saw the meme coin join Pepe, which rose 39% while Dogecoin was up 2.08%, making them the day’s rich pickings.
The price of Dogwifhat jumped by more than 37% as the market cheered at the news by Coinbase adding the meme coin to its listing roadmap. The announcement resulted in the price of Solana meme coin jumping to record highs of $4.21, representing Dogwifhat’s highest price level since March this year when bulls reached an all-time high of $4.83.
Earlier in the day, the price of Pepe meme coin soared to prospects of listing on Coinbase.
Meanwhile, Coinbase officially listed the Pepe meme coin in what has been described as a major move for the meme coin.
According to Watcher.Guru, Coinbase has become the second crypto platform after Robinhood’s listing announcement earlier in the day, which has propelled the meme coin’s price.
Since its introduction last year, Pepe has enjoyed a fine run. It has skyrocketed to become the third largest meme coin by total market cap in the crypto sector, according to Watcher.Guru.
The meme coin is projected to further grow as the asset has further benefited from some increasingly bullish facets.
